Supply chain practitioners are constantly searching for optimization methods to improve the effectiveness of the supply chain. The emergence of blockchain technology has promised high hopes for the industries to solve many prevalent issues such as tedious documentation trails, lack of transparency, counterfeit products, and many others. The inherent immutability and decentralized nature of the blockchain technology has allowed developers to come out with ways to potentially improve these issues. One of the major issues faced by blockchain companies is the blockchain trilemma, which dictates that no blockchain can be simultaneously decentralized, secured, and scaled. Blockchains should only be able to achieve two of these elements at a high level and somewhat sacrifice the remaining element. This has been a major criticism toward the technology, hindering mass adoption among users. This paper studies this phenomenon and its effects from the standpoint of supply chain users. This paper also proposes a diagram to plot a supply chain’s position within the blockchain trilemma, which should lead to different course of actions. Ultimately, this paper sheds light into the effects of the blockchain trilemma on the supply chain mass adoption.
Navigating the Blockchain Trilemma: A Supply Chain Dilemma
Adv Struct Mater
10.01.2022
10 pages
Aufsatz/Kapitel (Buch)
Elektronische Ressource
Englisch
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